KMI-30 Crosses 260,000 Mark After Strong Bullish Session at PSX

The Pakistan Stock Exchange delivered another strong session for Islamic equities on January 16, 2026, as the KMI-30 Index crossed the 260,000 level, closing at 260,872.72 points.
The index opened at 255,872.21 points and maintained upward momentum throughout the day. Buying pressure remained consistent, pushing the index to an intraday high of 260,996.55 points.
By the close of trading, the index recorded a gain of 6,529.72 points, representing a 2.57 percent increase.
Rally Driven by Heavyweights
OGDC led the charge with a massive 1,314.57-point contribution. PPL followed with 975.63 points, while HUBC added 631.56 points.
ENGROH and MEBL also supported the rally with contributions of 538.90 and 471.40 points, respectively.
Analysts believe these stocks continue to offer strong long-term value.
Healthy Market Activity
Trading volume reached 165.83 million shares, indicating solid investor participation.
The strong liquidity shows that confidence in Islamic equities is steadily growing among market participants.
Long-Term Performance
With FYTD growth of 41.10 percent and CYTD growth of 4.96 percent, the KMI-30 index continues to demonstrate consistent long-term strength.
Experts say this performance reflects improved corporate governance and stronger earnings outlook among Shariah-compliant companies.
Market Sentiment
Investors remained optimistic, viewing the rally as a sign of stability in Pakistan’s Islamic capital market.
“The momentum is not driven by speculation alone,” said an Islamabad-based market analyst. “It is supported by solid fundamentals.”
Future Outlook
Market experts advise investors to stay informed, diversify portfolios, and focus on quality stocks. If the current momentum continues, the KMI-30 could continue to set new benchmarks in 2026.